HomeMy WebLinkAbout2022-12-14; Agricultural Conversion Mitigation Fee Committee Ad Hoc; ; Fiscal ReportMeeting Date: Dec. 14, 2022
To: Agricultural Conversion Mitigation Fee Citizen’s Advisory Committee
From: Nicole Piano-Jones, Program Manager
Staff Contact: Nicole Piano-Jones, Program Manager, Housing Services
Nicole.pianojones@carlsbadca.gov, 442-339-2191
Subject: Fiscal Report
Recommended Action
Receive report on available fund balance.
Executive Summary
This report provides an update on the current balance, including prior obligations and accrued
interest. The Committee may, if so desired, recommend that the City Council direct staff to
solicit additional grant proposals to commit the remaining fund balance.
Discussion
As of Nov. 30, 2022, the ACMF has a cash balance of $1,247,035, of which $610,594 has been
approved for prior year projects and are expected to be completed in the future, resulting in a
net available cash balance of $569,623. This amount is inclusive of all interest accrued since
beginning of the fiscal year. The 2022 ACMF applications total $372,687. Should these projects
be awarded in full, the available balance would be approximately $241,936.
Fiscal Analysis
There is no direct fiscal impact associated with receiving this information report. The
Committee may request that the City Council direct staff to solicit additional grant proposals. In
this instance, any fiscal impacts would be reflected in future agenda reports.
Environmental Evaluation (CEQA)
Pursuant to Public Resources Code Section 21065, this action does not constitute a “project”
within the meaning of the California Environmental Quality Act (CEQA) in that it has no
potential to cause either a direct physical change in the environment, or a reasonably
foreseeable indirect physical change in the environment, and therefore does not require
environmental review.
Public Notification and Outreach
This item was noticed in accordance with the Ralph M. Brown Act and was available for public
viewing and review at least 72 hours prior to scheduled meeting date.
Exhibits
None.
AGRIGULTURAL CONVERSION MITIGATION FEE (ACMF) COMMITTEE
Dec. 14, 2022 Item #3 Page 1 of 1